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Jan 15, 2013
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we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> welcome back. this is the chart of the day. if this is going to continue right here and close, this is going to be the first time that apple closes below $500 since february of last year. so for this year apple is the worst performing stock on the nasdaq 100 and the second worst on the s&p 500, bill. >> our herb greenbe
we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living...
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Jan 16, 2013
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but still waiting on the debt ceiling talks. no one is going to be spared by this. if the market comes in, i'm going to get a better price. >>> coming up, we tell you whether to roll the dice on two stocks hitting new highs. but first, from blackjack to coach potatoes, jane wells has what is shaking on the west coast. jane? >> hey, melissa. we're going to decide whether to put it all on black or red. one company in the red over facebook's announcement. and why today is my favorite day of the year, when we come back. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of the pga tour. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac
but still waiting on the debt ceiling talks. no one is going to be spared by this. if the market comes in, i'm going to get a better price. >>> coming up, we tell you whether to roll the dice on two stocks hitting new highs. but first, from blackjack to coach potatoes, jane wells has what is shaking on the west coast. jane? >> hey, melissa. we're going to decide whether to put it all on black or red. one company in the red over facebook's announcement. and why today is my...
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Jan 23, 2013
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, is that using the debt ceiling as kind of hostage in budget negotiations, democrats feel that they won on that and that this is not going to come back again? >> yes and the ultimate sort of dooms day threat from washington, which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts. sequester. that gets us back to where we were in the 1980s. it is more of a norm of a political process. if we can stay there, that's good news for this president because it reduces a threat to the economy and of course good news to people working in the economy in the financial market. >> john harwood, thank you very much. to mary thompson now with breaking news. >> announcing charges against three alleged international cyber criminals. the three have been charged again in infiltrating computers around the world, about a million computers around the world, including 40 thousand here in the u.s. with a vir
, is that using the debt ceiling as kind of hostage in budget negotiations, democrats feel that they won on that and that this is not going to come back again? >> yes and the ultimate sort of dooms day threat from washington, which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts....
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Jan 7, 2013
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but congress is gearing up for the next hike over whether to raise the u.s. debt ceiling. it's expected to come sometime in february. democrats are planning to push for a balanced approach. but the senate minority leader mitch mcconnell is ruling out any further tax hike. >> the tax issue is finished, over, completed. that is behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future? and that is our spending addiction. >> if mitch mcconnell is going to draw that line in the santd, it's a recipe for more gridlock. we have to take a long-term approach to u.s. deficit reduction. >> "new york times" which first reported the deal last week said 14 banks, including likes of citi, jpmorgan and bank of america are involved. nearly $4 billion will go to people who lost their homes in 2009 and '10. the rest will be for the foreclosure process. the times says the fed threatened to block the moves. philly fed president says a $3 billion balance sleet could codo harm to the u.s. economy. he plosser says that could lead to a
but congress is gearing up for the next hike over whether to raise the u.s. debt ceiling. it's expected to come sometime in february. democrats are planning to push for a balanced approach. but the senate minority leader mitch mcconnell is ruling out any further tax hike. >> the tax issue is finished, over, completed. that is behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future? and that is our spending addiction....
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Jan 14, 2013
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whether it's the debt ceiling, joe, whether it's energy, whether it's immigration, whether it's tax reform. what congress lacks today and what we today rolled out, at least in part, is a group of congressional problem solvers. republicans and democrats alike. who will agree going forward. and, by the way, our goal by the end of the year is to get this group of problem solvers up to 75 or 80. you can imagine republicans and democrats alike, 75 or 80 people in a room, talking about the possible. talking about problem solving. on the key issues of the day. that's the way we're going to make progress. and keep from becoming exactly what the 112 congress was, the most unproductive congress in the history of the united states. >> excuse me, governor, is it a good idea for the republicans to push a default of the u.s. on paying its bills? >> well, i think we ought to let our credit rating probably drive this whole discussion. because when we jeopardize our credit rating, i found as a governor, we had a aaa rated state. joe knows everything there is to know about credit ratings. then every america
whether it's the debt ceiling, joe, whether it's energy, whether it's immigration, whether it's tax reform. what congress lacks today and what we today rolled out, at least in part, is a group of congressional problem solvers. republicans and democrats alike. who will agree going forward. and, by the way, our goal by the end of the year is to get this group of problem solvers up to 75 or 80. you can imagine republicans and democrats alike, 75 or 80 people in a room, talking about the possible....
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Jan 15, 2013
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whether it's the mechanism that is the debt ceiling, or the rhetoric that surrounds it. because both are in acute focus in august of 2011, and then they didn't worry you enough to do what s&p did, which was downgrade the united states. why now? and for which of those two reasons? >> okay. well, first the intent of the august 2011 episode, that was the first time that we'd had a debt ceiling episode whereby references potential to default were actually made. in the 1990s, this is the first time we've actually gone down to the wire and talked about a potential event. we judged at that time that that wouldn't happen again. it was appropriate for us to wait until we had the outcome of the super committee, and also of the general election of the presidential and congressional elections in november. we've gotten past that point now. and our concern is more of around the predictability and the reliability of the economic policies in the united states. they're staggering every few months from one self-imposed crisis to another. we don't think the u.s. is going to default, let's
whether it's the mechanism that is the debt ceiling, or the rhetoric that surrounds it. because both are in acute focus in august of 2011, and then they didn't worry you enough to do what s&p did, which was downgrade the united states. why now? and for which of those two reasons? >> okay. well, first the intent of the august 2011 episode, that was the first time that we'd had a debt ceiling episode whereby references potential to default were actually made. in the 1990s, this is the...
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Jan 14, 2013
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now the question is whether that comes after some sort of debt ceiling compromise. do you see that happening no matter what happens actually? i apologize for this diane. here's the president. >> i thought it might make sense to take some questions this week, as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years and intend to carry out the agenda i campaigned on, for new jobs, new opportunity, and new security for the middle class. now right now, our economy is growing. and our businesses are creating new jobs. so we are poised for a good year. if we make smart decisions and as long as washington politics don't get in the way of america's progress. as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now, i've been fighting for such a plan. one that would reduce our deficits by $4 trillion over the next decade. which would stabilize our debt, and our defici
now the question is whether that comes after some sort of debt ceiling compromise. do you see that happening no matter what happens actually? i apologize for this diane. here's the president. >> i thought it might make sense to take some questions this week, as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years and intend to carry out the agenda i campaigned on, for new jobs, new opportunity, and new security for the...
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Jan 7, 2013
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ceiling and spending cuts. the big debate over whether more revenue increases should be on the table. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future. and that's our spending addiction. >> mitch mcconnell's going to draw that line in the sand. it's going to be a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction. >> and away we go again. jim, you said last week, you expect a see-saw quarter courtesy of these guys. >> it's so funny to hear the democrats say, it's time to think about taxes. that's kind of what they won on. senator mcconnell, i know that over a decade, i have felt opposition to -- he used to come on cramer. he was always, let's say volatile. how could he not be right now -- the entitlements are the issue. this is the united states of america. and someone's got to rein it in. no one wants to, because boy, once you do that, i've got
ceiling and spending cuts. the big debate over whether more revenue increases should be on the table. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future. and that's our spending addiction. >> mitch mcconnell's going to draw that line in the sand. it's going to be a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction....
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Jan 8, 2013
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are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live from the new york stock exchange. let's see how we're setting up on this tuesday morning. the futures look like we're tulg back here. t take a look at the picture. interesting economic data points out over there. eurozone hitting a record high. but a measure of consumer and business sentiment actually rose for the second straight month in the month of december. a road map this morning starts in china, where young brand said same-store sales are set to disappoint. is this a sign that a reacceleration of a timeless economy may not materialize after all. >> the ceo of sears is stepping down citing family health ma
are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the...
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the dollar this morning, a lot of questions about the debt ceiling and what happened and whether or not that will put pressure on the u.s. dollar. but you can see right now, the dollar is down against the euro, which is back up at 1.3361. the dollar is up against the yen, 89.31. and gold prices this morning have gained a little bit of ground. up $7.70 to $1,668730. right now it's time for the global markets report. let's get over to kelly evans would is standing by in london. >> kelly, good morning. becky, good morning. i heard joe's comment about my hair. i will get back to that later, but i will say it was snowing earlier. it's beautiful. but that's not responsible for any notable change in look. just take a quick look at what's been happening wind me in europe. we're in the green for the most part behind bigger than expected industrial production. i wanted to show smu stocks because it's merger news monday. you guys have briefly mentioned a couple of these. down there, you can see swatch is up 3.8% after saying it's going to buy the julie business harry winston. we saw harry winston
the dollar this morning, a lot of questions about the debt ceiling and what happened and whether or not that will put pressure on the u.s. dollar. but you can see right now, the dollar is down against the euro, which is back up at 1.3361. the dollar is up against the yen, 89.31. and gold prices this morning have gained a little bit of ground. up $7.70 to $1,668730. right now it's time for the global markets report. let's get over to kelly evans would is standing by in london. >> kelly,...
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Jan 22, 2013
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. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weekend, john. i think we have some live pictures this morning of the president going to the national prayer breakfast in washington. the president and the first lady at the national cathedral. i think in the motorcade also spotted valerie jarrett, jack lew and some others as well. thanks, john. >>> meanwhile, what's coming up tonight on "fast?" >> we'll talk about the natural gas and how it can be converted to other things. and there will be the first nat gas to diesel plant and what that can mean in future. >> you're fired up into. a lot of news. >> i am. >> have a good day. >>> in the meantime, here's what you missed earlier on this morning. >>
. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weekend, john. i think we have some live...
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about whether the treasuries get over the debt ceiling, can actually mint a platinum coin worth $1 trillion and call it a day. but i feel like it's getting transaction in weird places. >> well, among politicians, so there's your point. look, here is a couple problems i have with it. one is that the fed is not allowed to buy platinum. so how does the money get created? the government can print whatever it wants on any coin it wants. it's a clever idea. gold coins work and the amount of gold is more than ta face value so you never sell it at face value. so you would have to have a coin that would be worth more than $1 trillion after you melt et down and -- >> but would that convince anybody that we have any situation on what's going on and we've managed it? >> absolutely not. and the person who came up with this idea would be the first to say that. >> who came up with it? >> i don't know. i forget the exact name. but -- >> the 14th amendment -- >> the white house is -- >> the 14th amendment is that the president can do whatever it takes in order to maintain the u.s. debt. so basically to avoi
about whether the treasuries get over the debt ceiling, can actually mint a platinum coin worth $1 trillion and call it a day. but i feel like it's getting transaction in weird places. >> well, among politicians, so there's your point. look, here is a couple problems i have with it. one is that the fed is not allowed to buy platinum. so how does the money get created? the government can print whatever it wants on any coin it wants. it's a clever idea. gold coins work and the amount of...
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Jan 23, 2013
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investors are awaiting the house vote this afternoon on postponing the debt ceiling. news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure
investors are awaiting the house vote this afternoon on postponing the debt ceiling. news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this...